RE: MVR3 Oct 2020 19:51
Some fascinating new stats about what’s going on in the world of streaming
October 1, 2020 Alan Cross 0 Comments Hi-Res Audio, Spotify, Streaming
Streaming is big and getting bigger. Here’s the latest.
Thanks to the pandemic, the number of subscriptions–people actually paying for Spotify, Apple Music, Tidal or whatever–has risen 35% year-over-year. That’s the pandemic at work.
Spotify is in the lead with 35% of all paid subscriptions, followed by Apple with 19%, Amazon Music at 15%, China’s Tencent with 11% (and that’s mostly just in China), and YouTube Music with 6%. The remaining 14% is divided up amongst Napster, Deezer, Tidal, Quboz, and the rest of them.
1.6 million artists have made their music available to stream over the past year.
About 1%–16,000 artists–suck up 90% of all streams.
Expand that to 10%–160,000 artists–and you can account for 99.4% of all streams. That leaves just 0.6% for the remaining 1.44 million artists. No wonder so many have trouble making money from streaming.